April 26, 2012 |
Extending a long stay near record lows, fixed mortgage rates edged lower this week, with lenders offering the typical 30-year loan to solid borrowers at 3.88%, down from 3.9% last week, according to giant loan buyer Freddie Mac. In the 21 weekly surveys that Freddie Mac has released starting Dec. 8, only one has shown the 30-year average above 4%. The record low of 3.87%, statistically no different from this week's reading, was recorded on...
February 27, 2014 |
Mortgage interest rates have changed little in recent days, with Freddie Mac saying fixed rates edged higher for a fourth straight week while start rates fell a notch on variable home loans. The Freddie Mac survey , conducted Monday through early Wednesday, showed lenders were offering 30-year fixed-rate mortgages at an average interest rate of 4.37%, up from 4.33% a week earlier. The average rate for a 15-year fixed loan rose from 3.35% to 3.39%. Meantime, the yield on the 10-year Treasury note, a barometer for long-term interest rates, fell from about 2.75% Monday to 2.65% early Thursday.
August 19, 2004 |
Freddie Mac, the No. 2 U.S. mortgage finance company, said Wednesday that it might face civil action from the Securities and Exchange Commission for possible violations of securities laws. The company said it had received a "Wells notice" indicating that SEC staff is considering recommending action against it to the full commission that may include a permanent injunction and monetary penalties.
May 7, 1995
In response to Jan Hickenbottom's April 16 "Condo Q & A" column regarding earthquake insurance for certain condominium associations and Freddie Mac, we appreciate the opportunity to clarify some of the impressions left to the reader--and more importantly, to the condominium homeowner. The column stated that "The impact on low- and moderate-income home buyers could be disastrous. . . ." The Freddie Mac insurance requirement is for selected condominiums--not low- and moderate- income loans.
March 12, 2010 |
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
March 7, 2013 |
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
March 28, 2013 |
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found. QUIZ: How much do you know about mortgages?
August 14, 2013 |
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week. The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a week ago, which is statistically unchanged. Start rates on adjustable mortgages were slightly higher, according to McLean, Va.-based Freddie Mac. The 30-year fixed rate hit an all-time low of 3.31% last November. The current higher rate would mean a person borrowing $200,000 now would pay $125 more per month compared with a person who borrowed when the rate was at its lowest, said Frank Nothaft, Freddie Mac's chief economist.